Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-05-07
TRADE REVIEW.
Large Increase in Trade OF All Kinds
And Gre8t Activity In Real Estate
Reported Throughout the West.
While Foreign Capital POurs In and CroI
Prospects Grow More Favorable Thugs
Are Sure to Boom.

NEW YORK, May R. G. Dunn Co IS
weekly Trade Review says: "The feature
of business reports for the past week is
the enormous increase reported at many
western points. In that section the inter-
state commerce act, though checking
trade at some points, seems to have pro-
duced g feeling of extraordinary conf
dence in much larger number of towns.
Other causes, particularly speculation in
real estate and the activity IN building,
contribute to swell the transactions sur
prisingly. At Cincinnati the Clearings
show an increase of 50 per cent. over last
year; at st. Louis, Is per cent. and at Chi
cago, IL but the 81. Paul and San francisco
reports make the gain 43 per cent ; Mem
phis, St. Joseph and Peoria exceed so per
cent, Indianapolis end Denver nearly so
per cent, Omaha l02 per cent. and
Wichita, Kan, ITO per cent. Apart from
land trading and new building, other
business has been remarkably active
throughout that region. Denver notes
an increase in the yield of precious metals;
St. Paul a larger amount of flour;
Cleveland, Cincinnati, and Milwaukee dis
tinct improvements trade and collections
and the supply of money seems every
where ample. At Memphis the activity
no.ed is only in real estate and building
Eastern cities do not fine a corresponding
improvement IN trade. At Philadelphia
the exchanges show little increase. Large
amounts of capital are going thence to
the west on mortgage. The boot and
shoe business still improves, but
the wooden mandatory is de-
pressed by the slew demand for
goods, and several New England mills
have stopped. The high prices being paid
for new wool at the west, it is claimed,
will make profitable manufacture impOs-
sible for many.
The dry goods market is quiet. The
weeks prices are we'll maintained. In
the grocery trade there is much complaint
of dulIuess, and sugar has yielded a
shade; spices and tea being dull, and in
classes steady. In spite of the active
speculation Ill coffee the demand for
| consumption is limited.
The railroad earnings give proof that
while traffic is large the increase falls far
short of the reported gains in the volume
of business at the west. The reports OF
! the railroads for April so far show an
average increase of II per cent. in gross
earnings over last year. Wheat export
ing is checked by q corner in near options
which has advanced prices Sd cents. Cot
ton futures for June are also Cornered and
have advanced /. Already 967
miles of railroad have been completed
against 652 to date last year, and new
securities are offered in great variety
and large amounts, but the uncertain
prospect as to rates and specializing re-
garding the decision of the Interstate
commerce commission affect investments
in stocks, though prices have improved s
little The enormous supply Of money
goes far TO explain the situation. No
only has the treasury added about ST.,
| I27, 900 to the circulation IN April, bu
the abundance and chespness of money
in London are clearly felt here. I'm
doubtedly large amounts of foreign CAPT
tai are seeking employment here in in
dustries or in real estate loans, because
of the inadequate demand abroad. While
this state of things continues and croI
prospects grow more favorable, the sea
son of speculation and expansion to trade
D.! is not likely to meet with reaction.